Binance Alpha Announces Two O Trading Competition Rounds
The notice sets two seven-day rounds, purchase-volume multipliers and an October 28 reward date. Only O purchases through Binance Wallet or Alpha count.
Binance announced an o1.exchange (O) trading competition on September 30,
Rewards and ranking
Binance ranks participants by O purchase volume. The notice says the top 2,000 users share 184,000 O equally, or 92 O each. It lists two competition periods but does not clearly state whether this pool applies separately to each period or to both combined.
Earlier purchases receive more weight. The early-trading multiplier starts at 2.0x for the first two days, then falls to 1.8x, 1.5x, 1.3x and 1.0x over the remaining days. Eligible Rising Traders can receive an additional 1.2x boost, subject to a 5,000 USDT-equivalent cap.
How to participate
Users must join through the event page in the Binance app before trading. Only O purchases made through Binance Wallet Keyless or Binance Alpha on Binance Wallet count. Sales, third-party DApp trades, bridges and Alpha-to-Alpha pairs are excluded. Participants also need an active Binance account and access to Binance Alpha in their region. The notice does not list a separate campaign KYC step.
Binance says rewards will be available by October 28 at 21:00 Hong Kong time. Winners must claim within 14 days. Rewards are paid in O, whose value can change; Alpha trades can also involve price slippage and blockchain fees.
Source: Official exchange announcement ↗
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